Independent Banker

FEBRUARY 28, 2023

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has served as president and CEO of $365 million-asset Century Bank & Trust in Milledgeville, Ga., now part of Bank of America, before moving to Griffin, Ga.,

Community 172

Community Community Bank Georgia San Antonio 172

William Mills

MAY 19, 2016

The meetings also support the mission of the CBA which is the preservation and development of local, independent community banks in Georgia as well as the philosophy of hometown banking. The CBA has approximately two hundred community banking members. Hello, I’m a Millennial. percent since 1992.

Georgia 41

Georgia Community Bank Community Meeting 41

William Mills

MAY 19, 2016

The meetings also support the mission of the CBA which is the preservation and development of local, independent community banks in Georgia as well as the philosophy of hometown banking. The CBA has approximately two hundred community banking members. Hello, I’m a Millennial. percent since 1992.

Georgia 41

Georgia Community Bank Community Meeting 41

Independent Banker

OCTOBER 1, 2022

By identifying the preferred banking and spending habits of different generations, scammers can tailor how they reach their targets. We look at community banks’ options for fighting this type of crime. Reports about fraud losses: Millennials vs. people 40+. Putting technology to work. By Katie Kuehner-Hebert.

Fraud 133

Fraud social media Millennials Examples 133

Jeff For Banks

APRIL 4, 2024

Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

OCTOBER 4, 2019

For community banks and credit unions, their physical proximity to the small businesses they’re servicing is often pointed out as a major advantage these smaller players hold over the big banks, enabling these FIs to develop deeper relationships with their small to medium-size business (SMB) clients, anticipate their needs and establish trust.

Lending 152

Lending Community Bank US Community 152

Independent Banker

FEBRUARY 24, 2016

How millennials will accelerate innovation and technology change. You recognize one of today’s most prominent technology dilemmas for community banks: It’s the great mobile divide. Millennials, who will make up half the U.S. Millennials, who will make up half the U.S. By Paul Schaus.

Mobile 70

Mobile Millennials Community Bank Community 70

NCR

FEBRUARY 16, 2016

There’s nothing more suitable for technology disruption than traditional small business banking. And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. And 77 percent of them said that technology makes them feel “more in control.”.

Millennials 40

Millennials Study Retail Community Bank 40

Independent Banker

OCTOBER 29, 2014

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. And technology is important to him. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. By Ed Avis. Meet Jack Bauhs, your next customer. Primed for relationships.

Millennials 110

Millennials Community Bank social media Community 110

Jeff For Banks

JULY 5, 2022

Then came this bubble generation they named millennials. Initially, and maybe to this day, banks ignored them. Ever call your millennial child only to get a text back asking "what?" There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. We can ignore millennials no more.'

Millennials 78

Millennials Community Pennsylvania Community Bank 78

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 259

Lending Community San Antonio Survey 259

Independent Banker

NOVEMBER 13, 2014

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. And technology is important to him. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. By Ed Avis. Meet Jack Bauhs, your next customer. Primed for relationships.

Millennials 87

Millennials Community Bank social media Community 87

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

OCTOBER 27, 2017

As the demographics of entrepreneurs and freelancers continue to shift toward millennials and younger professionals, Merritt told PYMNTS that dissatisfaction with traditional FIs is likely to persist. The problem today, he added, is that community banks are unable to fulfill SMBs’ needs for a better technological experience.

Community Bank 103

Community Bank Community Survey Millennials 103

Abrigo

JUNE 14, 2017

Many banks and credit unions have found a path to growth via partnerships with fintechs. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data. Are customers requesting new products?

Fintech 170

Fintech Software Lending Millennials 170

Independent Banker

OCTOBER 29, 2014

Large banks and nonbanks, merchants and technology companies are pressing to solidify their inroads into the financial transaction business. Research and everyday observation show how consumers are increasingly using mobile technologies. But how far are they willing to go to do their banking on small mobile devices?

Mobile 105

Mobile Community Bank Community Technology 105

American Banker

JULY 6, 2016

Millennials, who alreadymake up a third of banked consumers in America, are used to transacting life in clicks and swipes. Institutions must embrace their needs now or risk extinction.

Millennials 52

Millennials America Community Bank Digital Banking 52

PYMNTS

JULY 25, 2017

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). There are currently 13,000 community banks in the U.S.,

Lending 100

Lending Community Bank Millennials Community 100

PYMNTS

JUNE 1, 2020

In the inaugural Digital Payments In A Digital World Playbook , PYMNTS analyzes how recent events such as the COVID-19 pandemic have impacted consumers’ banking behaviors and how FIs are responding to these shifting needs. Why WSFS Bank Is Relying On QR Codes, Mobile Mess aging To Enhance Customer Loyalty.

Digital Banking 136

Digital Banking Delaware Tools Mobile 136

NCR

MAY 9, 2017

The expansion of new fintech apps started a trend of eroding revenue and profits from banks and credit unions, generating a sense of competition with app developers. But technology innovators and financial institutions have worked together for generations. Technology has been changing the world since we invented agriculture.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

Abrigo

MAY 11, 2020

Because of this, financial institutions that have implemented digital services are in a particularly favorable spot compared to the institutions that have not yet embraced those technologies. However, not all institutions adopted these new technologies and instead have stuck to traditional strategies. Webinar.

US 195

US Lending Community Technology 195

Gonzobanker

APRIL 3, 2019

If consumers can get constant access to services and purchase through their computers, mobile devices and smart home technology, it follows that they would expect a similar level of connectivity (for service, advice and purchases) from their financial institutions. It’s not a “Millennial thing.”

social media 99

social media Exercises Millennials Training 99

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.

Community Bank 70

Community Bank Community Analytics Lending 70

Jack Henry

DECEMBER 11, 2019

Most everyone would agree that technology has vastly changed the way we live our daily lives. With more than 203 million daily active users, Snapchat has taken over the way we communicate. 1 When meeting someone new, the majority of Millennials and Gen Zers ask for a person’s Snapchat rather than a phone number.

Payments 109

Payments Millennials Video Meeting 109

Celent Banking

JANUARY 24, 2017

Millennials this…”, “Small businesses that…”, Community banks are…”. Two current examples illustrate: The Use of AI in Banking is About to Explode. While referring to a small number of community banks interviewed for the article, it projects those results on the entire community bank population.

Community Bank 100

Community Bank Community Survey Mobile 100

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

Independent Banker

AUGUST 26, 2015

Paperless document-signing technology is growing among banks and consumers. But with the emergence of electronic signature technology, we’ve had to rethink some of assumptions. However, the adoption of electronic signature technology hasn’t been an easy undertaking. By Mark Pfeifer.

Community Bank 70

Community Bank Minneapolis Community Online 70

PYMNTS

OCTOBER 18, 2017

The question applies to financial institutions of all sizes and is especially germane to smaller banks and credit unions, firms which do not have the deep pockets or the technology of larger banking compadres and FinTechs. Technology on its own has no standalone, distinctive value. What of regulation?

Innovation 140

Innovation Compliance Community Bank Strategy 140

Abrigo

MAY 5, 2022

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry.

Community 195

Community Lending Maine Resources 195

Jeff For Banks

FEBRUARY 20, 2016

The community bank takes deposits from your community, and then lends into your community, with decision makers based here , where the financial institution's employees live, work, and volunteer. Farm Credit, particularly in rural markets, are a significant threat to community banks. It's not so bad.

Conference 60

Conference Community National Millennials 60

PYMNTS

MAY 31, 2017

Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. In the competition between large banks and smaller ones, technology lends an edge, said Cullen. And that’s creating a problem for smaller institutions.

ATM 100

ATM Millennials Cards Management 100

Social Assurance

JULY 20, 2017

Why Millennials Need Banking Security and Compliance. Technology and networking apps have made my life easier than ever. This is why Millennials and Gen X-ers like me are some of the highest people at risk for financial theft and fraud. I love that I can accomplish so many things from my phone. Seriously, like everything.

Millennials 21

Millennials Compliance social media Security 21

Long Lasting Ideas

JANUARY 5, 2015

And at a micro level, how do community banks reach a generation overwhelmed with debt that inhibits wealth? A whopping 63 percent of millennials (ages 18 to 29) don’t have a credit card, according to a survey commissioned by Bankrate and compiled by Princeton Survey Research Associates International.

Marketing 40

Marketing Millennials Community Bank social media 40

Independent Banker

JANUARY 26, 2016

ICBA has planned an educational lineup of more than 60 workshops and networking sessions for next month’s Community Banking LIVE conference in New Orleans. Community banks can beat tech-based, nontraditional competitors at their own game. billion-asset community bank in Winter Haven, Fla., Digital Jujitsu.

Community Bank 70

Community Bank Community San Diego Strategy 70

PYMNTS

JUNE 24, 2019

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. Adoption depends greatly on partnerships to make RTP more accessible.

Payments 162

Payments System Millennials Community Bank 162

American Banker

JUNE 22, 2016

Contrary to doom-and-gloom attitudes of some about banks' ability to compete for millennials' business, the industry will build on its history of innovation to meet the technology needs of future customers.

Millennials 52

Millennials Fintech Meeting Innovation 52

Jeff For Banks

MARCH 3, 2018

How do we balance strategic direction, customer demand, and the futurist or wildly over-caffeinated millennial that tells us we have to implement every shiny new object or we'll die? Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? Maybe those millennial futurists don't remember this.

Apple 66

Apple Millennials Massachusetts FDIC 66